Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.041%

Price spread now: Bitget against KuCoin−0.064%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$722as in the Funding arb table

Net, price: spread back to 7d avg − costs−$726as in the Price arb table

costs, in and out, $10k−$7207.204% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.064%, 7d avg −0.010%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01567	0.0100	pay 0.0050% / 4h	3h 31m	$282K	$316K	20x
Short	Bitget AZTECUSDT	0.01566	0.0100	get 0.0050% / 4h	3h 31m	$364K	$341K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.010%: −$5.38
Slippage, 4 orders: −$696.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$725.76
Costs to cover: 7.204%
Break-even: never at this rate

Slippage from KuCoin: live order book, 61 min ago; Bitget: live order book, 59 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 61 min ago	3.18 bp	275.3 bp −$275	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 59 min ago	3.18 bp	39.2 bp −$39	140.5 bp −$1,405	doesn't fit	doesn't fit

AZTEC on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AZTEC-USDT	+0.0036%	4h	0.01563	−0.255%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01565	−0.140%	$55K	$93K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01565	−0.115%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01564	−0.187%	$9K	$20K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01564	−0.187%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01564	−0.179%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01564	−0.191%	$320K	$856K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01562	−0.319%	$275K	$420K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01564	−0.191%	$222K	$122K	20x	as long as short
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01567	long leg	$282K	$316K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDTshort	+0.0100%	4h	0.01566	−0.064%	$364K	$341K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01571	+0.239%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01563	−0.266%	$55K	$474K	5x	as long as short
BloFin AZTEC-USDT	+0.0132%	4h	0.01566	−0.064%	$90K	$37K	25x	as long as short